Redline Hires Andrij Wowkodaw as Global Head of FX

Redline Trading Solutions, a provider of market data and execution systems for automated trading, announced the appointment of Andrij Wowkodaw as Global Head of Foreign Exchange this Tuesday.

Wowkodaw joins Redline with more than 15 years of experience in buy-side and sell-side electronic and algorithmic trading. His most recent position was Director of eFX Quantitative Analysis at Scotiabank, where he worked for six years, according to his LinkedIn profile.

During his career in the industry, which commenced in the mid-2000s, Wowkodaw has worked at a number of firms. Prior to his tenure with Scotiabank, he was a Portfolio Manager at AXE Capital Management.

Commenting on his new role, Wowkodaw said: “It is an exciting time to join Redline. Redline is innovating in the FX space as both buy-side and sell-side institutions seek more complete solutions that deliver market-leading trading performance,” he added.

Redline Trading Solutions offers premier market access technology. The company delivers low-latency access to market data and order execution on more than 180 venues. As such, the firm provides an end-to-end solution for multi-asset electronic trading with global market coverage.

Wowkodaw to add significant strength to Redline

According to the statement, Wowkodaw’s experience in the trading space - particularly electronic Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, will add “significant strength” to the development of the company’s electronic and algorithmic eFX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

“I am pleased to welcome Andrij to the team at Redline,'' added Mark Skalabrin, the Chief Executive Officer of Redline. “His deep understanding of the FX market will provide significant value to Redline in expanding the algorithmic capabilities of our FX trading solutions.”

Aside from AXE Capital Management and Scotiabank, Wowkodaw has also held trading and portfolio management roles at Eagleview Capital Partners, First New York Securities, and Millennium Partners.

The market data provider, which was founded in 2008, is based in the United States, but the company also has offices in Europe and Asia.